Executive Summary:

One of this century’s biggest challenges is achieving economic growth that lifts people out of poverty while dramatically reducing environmental harm. To avert major and irreversible consequences of climate change - which disproportionally hurt the world’s poorest - we must reduce greenhouse gas emissions by 80% by 2050. Technologies, businesses, and development models already exist that can address this challenge but they require trillions of dollars to scale and achieve economy-wide transformation. Established in 2014, the Global Innovation Lab for Climate Finance (the Lab) is a network of some of the world’s largest investors that identifies, develops, and launches transformative and sustainable financial solutions and businesses. In five years, the Lab has launched 35 initiatives that have mobilized $1.9 billion in sustainable investment. We want to scale this proven approach to more regions and sectors to rapidly address one of the most pressing issues of our time.